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DNM Property Developments Limited

Financial Statements for the Year Ended 31 July 2023






DNM Property Developments Limited (Registered number: 05089415)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DNM Property Developments Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr D Middleton





SECRETARY: Mrs L M Middleton





REGISTERED OFFICE: 2 Pegasus Mews
Straton Business Park
Biggleswade
Bedfordshire
SG18 8QA





REGISTERED NUMBER: 05089415 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

DNM Property Developments Limited (Registered number: 05089415)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 600,000

CURRENT ASSETS
Debtors 5 - 286,886
Cash at bank 13,029 390,980
13,029 677,866
CREDITORS
Amounts falling due within one year 6 466,722 895,881
NET CURRENT LIABILITIES (453,693 ) (218,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,307

381,985

CREDITORS
Amounts falling due after more than one
year

7

66,840

83,651
NET ASSETS 79,467 298,334

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 115,564 115,564
Retained earnings (36,099 ) 182,768
79,467 298,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DNM Property Developments Limited (Registered number: 05089415)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:





Mr D Middleton - Director


DNM Property Developments Limited (Registered number: 05089415)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

DNM Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 600,000
NET BOOK VALUE
At 31 July 2023 600,000
At 31 July 2022 600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 286,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,500 17,500
Corporation tax 1,515 2,134
VAT 1,200 1,267
Other creditors 445,807 874,321
Sundry Creditors and Accruals 700 650
Directors' current accounts - 9
466,722 895,881

DNM Property Developments Limited (Registered number: 05089415)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 17,500 17,500
Bank loans - 2-5 years 49,340 66,151
66,840 83,651

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 84,340 101,151

Natwest Bank has a fixed and floating charge over the property and fixed assets of the business.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 115,564